The athletic-apparel maker posted a fourth-quarter loss of $87.9 million because of a one-time charge due to the new tax law.

(Reuters) – Under Armour Inc on Tuesday reported quarterly revenue that beat analysts’ estimates, as it sold more footwear and apparel through its own stores and online.

The company reported fourth-quarter loss of $87.9 million, or 20 cents per Class C share, in the quarter ended Dec. 31, compared with a profit of $103.2 million, or 23 cents per share, a year earlier, as it incurred a one-time charge due to changes in the U.S. tax code.